How To Buy Antiques And Collectibles At Antiques Auctions

If you are a collector looking to get into the antiques business

, or a family searching for antique furniture or collectibles to decorate your home, one of the best places to buy is at an auction. There are many places to find antiques, such as dealers, specialist stores, online auctions and websites, but Antiques Auctions are excellent places to start your antiques hunt. Antiques Auctions like the ones run by Addisons offer you the chance to buy unique antiques items at a fraction of the price you find in a store. In fact, auctions are where store owners come to buy their products, so you can imagine that the prices will be wholesale, rather than retail. Many people are wary of attending an auction and bidding on items. Here, we describe the process and give beginners a few tips to handle the auction process.

Most auction houses hold regular antiques auctions, interspersed with specialist sales and general second-hand sales. You will be able to find out when and where there is an auction near you by running an internet search or looking in the Yellow Pages. You could also ask in a local antiques shop. Auction houses usually charge a sellers fee and a buyers premium on top of what anyone bids or receives for the item. For example, a seller will pay a fee of 10 or 15 percent to sell his or her antique item, while the buyer of the item will pay 10 or 15 percent on top of what they bid for the item. An auction house makes its money, and continues to function, on these commissions. You need to bear this in mind when you are thinking of your highest bid and your budget.

Most auction houses hold a viewing day, usually a day or so prior to the auction, where you can go to see the items and view the catalogue. The catalogue is often also available online and lists information about the items and any reserve price. A reserve price is put on certain items. This is a minimum price, and the item will not be sold unless the minimum price is bid. You are responsible for inspecting the item on sale and making your own judgement about how much it is worth. If you dont look at the item beforehand and turn up at the auction, you risk bidding on something that seems to be under-priced but in reality has something wrong with it. You will not be able to return the item if this happens to you. Before you start bidding, set a limit on your highest bid and then stick to it, no matter how excited you get by the auction process. You have to pay what you bid, and it is easy to get carried away. If you need to, attend an auction without buying anything, so you can watch and see how the process goes. Once you are confident and you find something you want to buy, enter the auction and try your luck.

by: Andrew S. Williams

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